Gov’t partially awards fresh seven-year bonds
The government partially awarded the fresh Treasury bonds (T-bonds) it offered on Tuesday as investors asked for higher returns due to expectations of a...
Fitch upgrades viability ratings for BDO, Metrobank, BPI, LANDBANK, DBP
FITCH RATINGS on Wednesday upgraded its viability ratings (VR) for the Philippines’ three biggest private banks in asset terms and its two largest state-run...
Peso strengthens on US data, weak dollar
THE PESO rose on Monday amid a generally weaker dollar and softer-than-expected April US nonfarm payrolls data.
The local unit closed at P57.22 per dollar...
Peso climbs against dollar as US, China declare trade truce
THE PESO continued to strengthen versus the dollar on Monday following the positive developments in the G-20 Summit.
RCBC books higher income in 2nd quarter
RIZAL COMMERCIAL Banking Corp. (RCBC) saw its net income jump 29.89% year on year to P2.92 billion in the second quarter from P2.25 billion...
Gov’t partially awards T-bills
THE GOVERNMENT partially awarded the Treasury bills (T-bill) it auctioned off yesterday, rejecting some bids for the shortest tenor, as investors expect domestic inflation to decelerate further this year.
COVID-19-related insurance payouts reach P2.93 billion in the first quarter
INSURANCE CLAIMS related to coronavirus disease 2019 (COVID-19) paid out by the industry reached P2.93 billion in the first quarter, based on a study conducted by the Insurance Commission (IC) to assess the impact of the pandemic on the sector.
DBP looks to fund infrastructure projects with bond issue proceeds
DEVELOPMENT Bank of the Philippines (DBP) is looking to fund public infrastructure projects using the P8.75 billion it raised through fixed-rate bonds last month.
“We...
Diokno sees financial inclusion boost from satellite liberalization
AN executive order (EO) liberalizing entry into the satellite industry may improve financial inclusion by increasing access to online financial services, according to the...
Peso down on Delta variant worries, tighter restriction measures
THE PESO weakened on Friday as the government reported more cases of the Delta variant of the coronavirus disease 2019 (COVID-19) in the country.
The...
Divided US Federal Reserve set to cut interest rates anew this week
SAN FRANCISCO -- Deep disagreements within the Federal Reserve over the economic outlook and how the US central bank should respond will not stop policy makers from cutting interest rates at a two-day meeting that begins on Tuesday.
Peso may rebound on upbeat remittance data
THE PESO may appreciate this week on the back of expected upbeat remittance data, although market players will watch out for the announcement of fresh restriction measures and monitor the country’s coronavirus disease 2019 (COVID-19) situation.